Trump: US to add 75M barrels of oil to reserve

President Donald Trump said Monday United States will purchase as much as 75 million barrels of oil and put it into strategic reserve for first time in deces.

Trump me anuncement as oil prices plunged below zero on Monday, latest never-before-seen number to come out of ecomic coma caused by coronavirus pandemic.

cost to have a barrel of U.S. crude delivered in May plummeted to negative $37.63, as oil stor tanks run closer to full amid a worldwide glut. Trers are still paying $20.43 for a barrel of U.S. oil to be delivered in June, which analysts consider to be closer to "true" price of oil.

"If we can buy it for thing, we're going to take everything we can get," Trump said.